The Golden State Warriors announced today that the team has exercised the third-year contract option on guard Klay Thompson, which is for the 2013-14 NBA season.

Thompson, 22, appeared in all 66 games last season, averaging 12.5 points, 2.4 rebounds and 2.0 assists in 24.4 minutes per contest, earning First Team All-Rookie honors. In 29 starts, he averaged 18.1 points, 3.2 rebounds, 3.0 assists and 1.10 steals in 33.9 minutes. For the season, he led all rookies in three-point percentage (.414, 17th in NBA) and three-point field goals made (111), while ranking second among rookies in free throw percentage (.868) and fourth in scoring (12.5 points).

Under the terms of the NBA’s current collective bargaining agreement, the first two years of a first round draft pick’s contract are guaranteed, while the third and fourth year of the contract are the team’s option. Thompson was selected by the Warriors with the eleventh overall selection in the 2011 NBA Draft.